Macquarie to acquire Luxembourg’s ValueInvest AM

Macquarie Investment Management, the investment management division of Australia-based, Australian Securities Exchange-listed Macquarie Group, has agreed to acquire Luxembourg-based ValueInvest Asset Management SA, as part of what it said was its strategy of “selectively” expanding its global capabilities. 

The purchase price and other terms of the deal, which Macquarie said is expected to close “in mid-2018”, weren’t disclosed.

At the end of December ValueInvest, the headquarters of which is pictured above, had approximately €4bn in assets under management.

Founded in 1998, ValueInvest is described by Macquarie, in a statement announcing the acquisition, as a specialist value-oriented strategist which invests in global and Japanese equities. Its motto, as shown inscribed on its name plate (pictured below), is “house of value”.

Macquarie already has a presence in Luxembourg, and in its statement, said the acquisition would expand its team there by “17 professionals”, led, as it is now, by Jesper Alsing, chief executive officer, and Jens Hansen, chief investment officer.

ValueInvest will join Macquarie’s multi-boutique equity structure led by John Leonard, global head of equities for Macquarie Investment Management, Macquarie said.

It added: “This acquisition reflects [Macquarie’s] continued commitment to [Luxembourg], in addition to its strategy to expand its global equities capabilities and distribution reach across Europe.”

Largest infrastructure investor

Founded in 1969, Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. It is widely known as the world’s largest infrastructure investor, a spot it has held for some time.

Last year it grabbed headlines in the UK when it acquired the Green Investment Bank for £2.3bn from the British government, in a privatisation deal that Macquarie said at the time would enable it to expand the GIB’s footprint in green technology and renewable energy across Europe.

Macquarie’s  Investment Management operation is globally active, with offices throughout the US, Europe, Asia, and Australia. It calls itself a conviction-based, long-term investor, with approximately €210.7bn in assets under management. Its parent is Macquarie Asset Management, a global asset manager with around €314.4bn in AUM.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is Chief Correspondent for International Investment. She is a US-trained journalist who has worked in Rome, New York City and London, covering among other things the fashion and retailing industries, the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

Read more from Helen Burggraf

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